Bank Nifty opens at – 48312 ( -185 )
Nifty opens at – 22521 ( -30 )
Buy Banknifty march 48500 pE – [ 09:25 ] aM
Option Buy Price – ( 605 )
Stoploss – Aprox ( 2000 )
Target – ( 2000+ )
(30) quantity
Reason for put buying :-
At 9:07 am, pre market gap down opens. On last trading day, Bank Nifty take support from 48360 level and Nifty is nearby 22500 level.
Which indicate buyers presence in market. So i try to find out selling side trade for targeting these buyers stop loss.
But final decision made after market opening.
After opening, market try to going upside. Which indicate that buyers may not exit out from market. Because if buyers exit, market must go downside. I wait for any setup formation on chart.
After few minutes, Nifty take support from 22500 and Sensex from 74200 level, which is a good attraction for for buyers. So when sensex and nifty both breakout their first candle high & Bank Nifty breakout 48500 level. I decide to enter in selling side trade.
Result :-
Loss - ( -1598 ) - 01:10 pm
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